5260 Results from /payments
Retired Member
Zapp is a VocaLink's venture. VocaLink are the "payment rails" in the UK - they are the engine behind Faster Payments scheme and the nationwide ATM network (LINK). They are in bed with every major bank in the UK. Zapp partnered with the UK's largest acquirer to offer retailers an alternative to... Visa and MasterCard. That's what Square, ...
13 September 2013 /payments Innovation in Financial Services
As many of us prepare to board flights to Dubai for Sibos, I’m wondering what others are hoping to hear and learn this year. A few things in my mind: It’s SWIFT’s 40th birthday, hurrah! At the London Forum earlier this year, SWIFT reminded us that it all began with the telex machine. Remember punched tape and testkeys? Today’s world is radically di...
11 September 2013 /payments /sibos Payments strategies 2015-2020-2030
A recent study from WorldPay covering the payment trends and habits of UK Consumers (Optimising your OmniPayments) not only highlights the adverse perception of ‘very convenient’ payment methods amongst many consumers, but also highlights recent ‘hyper-convenient’ payment innovations that are positively perceived amongst consumers. What’s interest...
11 September 2013 /payments
How is Beacon different from in-store WiFi? Except that WiFi works on any smartphone compared to Bluetooth Low Energy (used in Beacon) which is only available on a few latest models?.. (Google enabled full support of BLE on Android only two months ago...) Also, if I am in a "shop-dense" area (e.g. a shopping mall), guess how many compet...
11 September 2013 /payments Innovation in Financial Services
To usher payments into a new era, the US does not need "chips" (EMV). Here's why. Retail fraud level in the UK (EMV country) is 0.013%. Level of retail fraud related to "mag stripe + PIN" in the US is.. 0.013% too! It's not about the "chip", it's about the PIN... Also, EMV solves only part of the problem as far as...
So amidst the now-customary fanfare, yesterday Apple launched the two latest versions of the iPhone 5 – the iPhone 5S and the iPhone 5C. It was eagerly awaited by technophiles around the world to see what would come next, and features such as fingerprint recognition will cause a fair amount of excitement I’m sure. But for those of us in the payment...
They say there are three types of reality: (a) how we perceive a given object or situation, (b) how other people see it and (c) what that object and situation really is. Those three "realities" never align... With human beings, judgement is always "clouded" by one of the numerous biases, most of which we are not even aware of. ...
10 September 2013 /payments Innovation in Financial Services
The motive behind the proposed changes to the Payment Services Directive is entirely sensible: payments innovation has leapt ahead of payments regulation and this is the Commission’s attempt to catch up, but the devil is in the detail. The Commission’s ambition to get this legislation adopted by Spring next year is way too optimistic – the original...
Mobile shoppers are on the rise and mobile device owners are fast becoming a lucrative shopping demographic. So why are mobile players still sentencing their customers to unnecessary friction at the checkout? Today’s mobile checkouts all too often result in dissatisfied customers, abandoned carts and millions in lost revenue. Much of the problem l...
04 September 2013 /payments /retail
Nobody knows the future of mobile payments. At a couple of recent conferences, we've noticed that straw polls of delegates revealed they were roughly split between those who thought that phone payments using NFC will take off, and those who thought they really will not. If even the industry experts are not convinced, there's definitely no certai...
04 September 2013 /payments
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